All About Affordable NFTs

Will you be my Friend.tech | Project: Cyber Bandits & Nicol Vella

Will you be my Friend.tech

• Friend.tech: Genuine Game-Changer or Just Another Passing Trend?

•  

 

From the network

Cyber Bandit #3235 (Unique) 

https://opensea.io/collection/cyberbandits?tab=items 

Cyber Bandits is a project by artist Michael Reeder. Utilizing clippings from actual physical paintings and digitally rendered elements, Reeder has built a catalog of imagery to specifically be run through a generator to create the Cyber Bandits. 

Nicole Vella: https://app.brightmoments.io/collections/0x0a1bbd57033f57e7b6743621b79fcb9eb2ce3676/58 

News:

• OpenSea Will Make Creator Royalties Optional for NFT Trades - Decrypt 
• Yuga Labs to Block NFT Trades on OpenSea Over Creator Royalties

• Federal Judge Confirms That AI Art Cannot Be Copyrighted

• Inside Sam Spratt's Cult of Luci and The Monument Game 
• NFT Platform Recur to Shut Down Despite $50M Raise and Big Name Backers - Decrypt  
• DeGods Leave Polygon, Move y00ts to Ethereum, and Return $3 Million Grant!
• The NFT Market Has Tanked. So Why Is This Major Hollywood Talent Agency Still Betting Big on Web3 Artists? 

• Bright Moments, Gotham to Host Live Minting of Nicole Vella's “If You Could Do It All Again”  

• 1kx leads $5 million seed round for generative art NFT platform fxhash | The Block  

Is a big loss for SEC a BIG win for NFTs?

Is a big loss for SEC a BIG win for NFTs? 

 

The token (XRP) itself is not a security. Ripple’s sale of XRP on crypto exchanges isn’t a securities offering. A token is completely separate from the investment contract. This is a legal thing the crypto industry’s been fighting for.

This potentially clears a road for NFT projects that issue tokens.  Not a final ruling though, and Congress may weigh in… SEC still targeting 68 other tokens as securities. https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit

 

News:

• OpenSea Deals: Trade NFTs 
• Opepen Edition NFTs
• Jackson Pollock Studio’s NFT Project Mints Out in 32 minutes
• Moonbirds’ 200-day reveal
• Doodles Real World Play Camp in Chicago
• More Squiggles minted
• ApeFest to HongKong
• Floor App to Launch NFT Trading Apps, absorb 30% fees
• Melania Trump NFT may violate NASA policy
• Melania Trump Has Released an Apollo 11-Themed NFT That May Violate NASA’s Merchandising Policy
•  

How Low Will NFT Floors Go? What is causing it...

https://nftpricefloor.com/ 

 

News:

• Azuki NFT collections ends Elemental mint with $37.5 million | The Block 
  • Angry Azuki Elementals Holders Unite to Demand $39 Million Refund, Lose Thousands More in Subsequent Hack 
• NFT Startup Autograph, Co-Founded by Tom Brady, Shifts Focus and Removes Crypto Language 
  • Dior Is Latest Luxury Brand to Embrace Tokenized Fashion—But Won't Say 'NFT' 
• Political NFTs Sneak into American Homes: Has Trumps 2024 Campaign Already Begun? 
• Fxhash 2.0 Debuts Ethereum Integration and On-Chain Minting
• Sotheby's launches blockchain-fueled program for generative artists  
• Beeple’s New—and Very Risqué—NFT Is the Artist’s First Work to Enter a Museum’s Permanent Collection
• An AI-Generated Nude Just Sold for $340,000. So, Why Are People Angry?

Pawn Shops: THE KILLER NFT USE CASE

The Next Wave: Real-world collectibles as NFTs

https://newsletter.luckytrader.com/p/a-rolex-nft-loan-just-changed-the?publication_id=1290161&post_id=128507280&isFreemail=true 

 

https://twitter.com/CirrusNFT/status/1669064880949985280 

 

“Someone just took a $14,500 loan on two Rolexes at 12% APR from a complete stranger all on-chain

 

The Rolexes were sent to an escrow company who then sent back NFTs representing ownership of the watches

 

The borrower can then use those NFTs to tap into global liquidity rather than taking a predatory loan at their local pawn shop

 

If they default? The lender can use the NFTs to redeem the watches

 

One of the most obvious and easy to understand use cases of NFTs”

This development has the potential to disrupt pawn shops and similar businesses in several ways:

 

1. **Greater Accessibility:** By tokenizing physical assets, owners worldwide can access liquidity, eliminating geographical barriers that exist with traditional pawn shops. This could potentially broaden the client base for such financial services.

 

2. **Fair Rates:** Traditional pawn shops are often criticized for their high interest rates and unfavorable terms. By contrast, the described DeFi system offers relatively low interest rates and transparent terms, which could attract individuals who would otherwise use pawn shops.

 

3. **Security and Trust:** The use of blockchain technology provides a transparent, secure, and trustless environment. This contrasts with pawn shops, where the value assessment can be subjective, and there's a trust risk in leaving your assets with a third party.

 

4. **Market Expansion:** Tokenization opens the door to a much larger market of physical assets that can be used as collateral. This could potentially disrupt pawn shops by offering a more extensive selection of accepted collateral.

 

5. **Efficiency:** The process of tokenizing assets and securing a loan could be more efficient and faster than traditional pawn shop transactions, which often require physical appraisals and paperwork.

 

As for NFT adoption, this development could be a significant boost:

 

1. **Real-World Utility:** NFTs are often associated with digital art or virtual real estate. By introducing a use case that involves physical assets, more people might see the utility of NFTs, thus driving wider adoption.

 

2. **Expanding Market:** By allowing physical assets to be tokenized and used in DeFi, the market for NFTs could expand significantly. This could attract more participants, including those who own valuable physical assets and are seeking liquidity.

 

3. **Driving Innovation:** This novel use of NFTs could spark further innovation in the space, with more types of physical assets being tokenized. This, in turn, could lead to more use cases, further driving adoption.

 

4. **Education and Awareness:** As news about these types of transactions spread, more people might become aware of NFTs and their potential uses. This could lead to a better understanding of the technology and its benefits, driving adoption.

 

5. **Integration with DeFi:** This development also highlights how NFTs can be integrated with other blockchain technologies like DeFi. This could lead to new synergies and drive adoption as users see the wide range of possibilities that arise from these integrations.

News

• SEC Sues Coinbase Over Alleged Securities Violations (Updated) 
  • SEC Labels 10 Tokens Securities in Binance Lawsuit
• MoonPay gave Hollywood celebs Bored Apes to promote itself: sources 
• Dmitri Cherniak's Ringers #879, 'The Goose,' Just Sold for $5.4 Million 
• Generative Artist Emily Xie Has Created a Series of 100 NFTs Based on a 100-Year-Old Quilt in LACMA’s Collection
• FEWOCiOUS Unlocks the Sole of NFT Art with Adidas Sneakers 
• Louis Vuitton Selling $41K NFTs That Can’t Be Resold
• Introducing the MVP Soulbound Token: Celebrating Exceptional Community Members

A New Frontier for Bitcoin? Recursive Inscriptions Explained     

Apple VR Enters the Metaverse: Time to FOMO into MANA & SAND!!!!!!

Don’t call it a comeback: Apple VR and Metaverse

Signal the Jim Cramer buy buy buy button on Metaverse. A sure signal to be careful before FOMOing in. 

https://cointelegraph.com/news/apple-headset-could-boost-metaverse-token

News:

• Nike Sells Over $1M of Digital Shoes 

  • Unleashing the Future: Nike and EA SPORTS Redefine Utility and Gaming with NFTs | NFT CULTURE 

• 3AC Grails Round Two: Sotheby’s to Host Largest Ever Live Auction of Digital Art 
  • Art Blocks Resurgence? Collections See Revival Following Sotheby’s 3AC Sale 

• FEWOCiOUS Unveils Stellar New 'FEWOS' NFT Collection 

• $PSYOP Creator Served Legal Notice via NFT from Law Partner

• Shaq Finally Served During Heat-Celtics Series... at Old FTX Arena - Blockworks

• Ubisoft Rabbids NFTs Hop into the World of Reddit - NFT Plazas   

  • Epic Games adds 20 NFT Titles to Level up its Roster 

• Bitcoin NFTs Gain Momentum with the BRC-721E Token Standard | NFT CULTURE 

• Fingerprints DAO Announces Maschine Collection in Partnership with Mercedes-Benz 

Wash tracking on cryptoslam https://www.cryptoslam.io/

Meme Coin Craze Begets NFT Season

Meme coins and Non-Fungible Tokens (NFTs) have emerged as fascinating elements in the world of cryptocurrency, each uniquely intertwining aspects of pop culture, humor, and creativity with blockchain technology. Meme coins, like Dogecoin and Shiba Inu, have gripped global attention, gaining a community-driven momentum that propels them into the mainstream spotlight. This surge in interest often seems to preface an upswing in NFTs, a phenomenon that could be attributed to the growing interest in unconventional and playful components of the crypto universe that these meme coins symbolize.

 

• Dogecoin's Daily Transaction Reached Lifetime Highs After 'DRC-20' Tokens Introduced  

Historically, significant interest in meme coins has preceded an NFT boom. A prominent example of this trend was seen in late 2020 and early 2021 when the Dogecoin craze was swiftly followed by an NFT frenzy, where digital art, collectibles, and more were being bought and sold at staggering prices. This pattern not only reflects buyer behavior but also the transition of artists, creators, and developers from the meme coin space to the NFT arena, bringing along their innovation and fan base. Thus, while not a rigid rule, the symbiotic relationship between meme coins and NFTs in the crypto landscape is a captivating trend to observe and analyze.
News

• Pudgy Penguins Releases Toy Line, Earns $500,000 in 48 Hours
  • Pudgy Penguins Raise $9M Amidst NFT Bear Market 
• The Block: Active NFT traders drops to lowest point since 2021 as FOMO wanes
• Bitcoin Frogs outpaces Bored Apes to become hottest NFT collection during past 24 hours  
• Checks Elements: Bridging the Gap Between Physical and Digital Art with NFTs 
• What is ERC721-C and Why Should You Care? 
• Ledger Seed Recovery Feature Raises Eyebrows 
• Transforming Dust Into Prizes: LooksRare's NFT Raffle Hits the Market - Blockworks 
• Moonbirds and Spotify Launch NFT Gated Playlist 
• Axie Infinity Rolls Out ‘Lite' Version of Crypto Game on Apple App Store - Decrypt 

NFT as the Solution to AI Deep Fakes | Project: Shop Sothebys Artists

Is it a coincidence that Sam Altman, founder of OpenAI is also working on WorldCoin? Worldcoin, co-founded by Sam Altman, is betting the next big thing in AI is proving you are human | TechCrunch.

• Fake virtual identities pose challenges for social media platforms and society in general.
• Sam Altman, CEO of OpenAI, conceived Worldcoin to serve as proof-of-personhood.
• Worldcoin aims to create a global ID, currency, and app for payments, purchases, and transfers.
• Users download the app, have their iris scanned, and are added to a database of verified humans.
• Worldcoin creates a unique cryptographic hash tied to the person's identity.
• The startup has received $125.5 million from investors like Andreessen Horowitz and Coinbase.
• Privacy concerns and biometric data security have led to public skepticism.
• Worldcoin is now under a parent organization called Tools for Humanity.
• The company aims to create the largest financial and identity system, preserving privacy and inclusivity.
• Worldcoin has 1.2 million users; it needs billions more to be effective.
• To gain momentum, the company is launching an SDK for developers to incorporate its tech.
• Critics question the company's objectives, technology, and potential use of the Worldcoin currency.
• Competitors exist, but Worldcoin believes its physical-world approach has advantages over online solutions.

NFTs can be used to authenticate an author by leveraging their unique properties, such as ownership, provenance, and scarcity. Here's a step-by-step breakdown of how NFTs can be used for author authentication:

 

1. Digital Identity Creation: The author creates a digital identity on a blockchain platform, which can be linked to their real-world identity. This could include verifying their identity through social media profiles, government-issued IDs, or other means of authentication.

 

2. NFT Minting: The author mints an NFT for their written work, such as a book, article, or blog post. The NFT contains metadata with information about the work, including the title, publication date, and a unique identifier (e.g., a cryptographic hash of the content). The author's digital identity is also associated with the NFT, proving that they are the creator of the work.

 

3. Ownership Transfer: When the author's work is sold, licensed, or transferred, the ownership of the NFT is also transferred, maintaining the work's provenance. This allows anyone to trace the ownership history of the work and verify that the current owner has the legal right to distribute or use it.

 

4. Verification Process: Readers, publishers, or other interested parties can verify the authenticity of the author's work by checking the NFT on the blockchain. They can ensure that the work is genuine, not plagiarized, and originated from the claimed author. This process can be facilitated by dedicated platforms or tools that make it easy to verify the NFT's authenticity and view the associated metadata.

 

5. Ongoing Updates: As the author continues to create new content, they can mint additional NFTs and associate them with their digital identity. This creates a verifiable catalog of the author's works, showcasing their legitimacy and building their reputation in the literary community.

 

Using NFTs for author authentication not only establishes a strong connection between the author and their work but also helps to protect their intellectual property rights, reduce plagiarism, and encourage responsible content creation.

 

Affordable project: https://metaverse.sothebys.com/   find artists and shop their other work. 

News

• Bitcoin Transactions Hit Record High as New Token Type Takes Off
• The Block: Blur, Paradigm devs unveil p2p lending protocol for NFTs 
• OpenSea Ex-Head of Product Convicted in NFT Insider Trading Case - Decrypt 
  • Blur NFT Volumes Have Cooled Since Airdrop, But It's Still Number One - Blockworks
• Sotheby's Metaverse: A Game-Changer in the NFT Marketplace | NFT CULTURE | NFT News | Web3 Culture | NFTs & Crypto Art 
• Sports Illustrated Embraces Ethereum for NFT Event Tickets - Decrypt
  • LeBron James Spotted in RTFKT NFT Nike Sneakers 
• What Are xNFTs? The New Type of Token Behind the Mad Lads Craze 

The Block: Magic Eden to refocus on Solana after threat from Tensor  

A Blurry Future for NFTS | Project: StandWithCrypto.eth

A Blurry Future for NFTs

 

Is Blur Backing Itself into a Corner? 

• NFT marketplace Blur to end double loyalty points offer, potentially impacting NFT ecosystem
• Blur overtook OpenSea as the top NFT marketplace by volume after launching its native $BLUR token
• Significant token rewards given to users, leading to increased trading volume and outperformance of OpenSea
• Concerns arise as a few of Blur's biggest traders influence floor prices of NFT collections
• Blur co-founder argues the success is good for NFT space, while others disagree
• Potential drop in activity and floor prices when double points reward system ends on May 1
• Some big traders exit Blur after realizing substantial losses in ETH
• NFT ecosystem braces for impact as Blur approaches May 1 deadline; questions regarding system sustainability remain

 

Elements

• Background on Blur
• Controversy and concerns
• End of double loyalty points
• Departure of big traders
• NFT ecosystem braces for impact

As the NFT ecosystem braces for the end of Blur's double loyalty points offer, the future of the platform hangs in the balance. While Blur has made waves in the NFT world and attracted pro-traders with its aggressive reward system, this strategy could ultimately backfire. The platform's reliance on a few major traders to drive trading volume and maintain floor prices has raised concerns about its sustainability. If Blur fails to adapt and implement a more inclusive, community-driven approach, it may struggle to maintain its dominant position and risk destabilizing the NFT market as a whole.

 

News

• Apple's 30% Tax Mandate on iOS Is Illegal, Judge Affirms—And That Could Be Good for Crypto, NFTs - Decrypt 
• Coinbase CEO Backs 'Stand with Crypto' NFT Campaign - Decrypt 
  • https://zora.co/profile/standwithcrypto.eth 
• ‘Honeypot Bitch’: How Mad Lads Tricked Bots Into Spending $250K on Fake NFTs - Decrypt 
• BAYC Creator Yuga Labs Scores Legal Victory in Ryder Ripps Lawsuit - Blockworks
• Moonbirds Fumbles 'Day One Diamond Exhibition' NFT Drop  

NFT NYC RECAP | Project: Starbucks First Store Collection

• Theme: NFT NYC

 

Cover Andrew’s presentation theme - data behind the NFT customer journey

News

•  SWOOSH Airdropping 106,453 Free OF1 Posters to First-Generation Members 
  • Nike’s multi-million dollar crypto push is here
  •  
• Starbucks Launches First Store Collection NFT Drop
  Web3 Culture | NFTs & Crypto Art 
• Canon USA to Launch In-House NFT Photography Marketplace
• Anarchy in Goblintown as Truth Labs Enters NFT Royalties Debate
• Roblox Adds Rare, Resellable Digital Items—But They’re Not NFTs 
• Mastercard and Polygon Partner to Create Groundbreaking Web3 Music Program  

Bored Ape down 8%

Conversation with AI Vitalik about his take on NFTs

• AI vitalik
  https://causewriter.ai/vitalik/ 

 

TRAINING DATA:

Vitalik Buterin considers that Ethereum’s most surprising use case is NFTs. He also acknowledged that NFTs or DAOs are extremely useful for diversifying real estate portfolios. He believes blockchain transactions should not cost over 5 cents per transaction. Additionally, he proposed that NFTs should be migrated to a layer 2 ecosystem. Finally, he regrets choosing his cofounders “so quickly and nondiscriminately”.

 

Style Vitalik Buterin is known for his clear, concise, and logical communication style. He often breaks down complex concepts into simpler explanations to make them more accessible to a wider audience. Additionally, he tends to be open-minded, patient, and respectful in discussions, often engaging in thoughtful debates.

 

About Vitalik

Vitalik Buterin is the co-creator of Ethereum, a blockchain platform for decentralized financial applications. He became the world’s youngest crypto billionaire at age 27 when Ether, Ethereum’s native cryptocurrency, first crossed $3,000 per coin in May 20211. As a child, Vitalik Buterin showed amazing skills in maths as well as programming and was regarded as a square peg in the round hole. He had this amazing ability to compute 3 digit calculations, twice as fast as any other normal child2.

Topic: Chatting With AI Vitalik About NFTs

As an AI language model, I cannot predict the future with certainty, but I can provide some insights based on current trends and potential future developments.

NFTs on Ethereum have already gained significant popularity and have seen a wide range of use cases, from digital art and collectibles to virtual land and in-game assets. The potential for NFTs is vast, and we can expect to see more innovative applications emerge over time.

In the next 10 years, the popularity of NFTs on Ethereum will likely be influenced by several factors:

1. Scalability improvements: As Ethereum continues to evolve and implement solutions like Ethereum 2.0, Layer 2 scaling technologies, and other optimizations, it may become more efficient and cost-effective to create, trade, and use NFTs, which could drive increased adoption.
2. Interoperability: Increased interoperability between blockchains and platforms could make it easier for users to move NFTs between different ecosystems, which could also contribute to their popularity.
3. Mainstream adoption: As more businesses, creators, and users become aware of NFTs and their potential benefits, we may see broader adoption across various industries, including gaming, entertainment, fashion, and more.
4. Regulatory landscape: The regulatory environment surrounding NFTs, intellectual property rights, and digital assets will likely shape the future development and popularity of NFTs on Ethereum. Clearer regulations could provide more confidence for participants in the ecosystem.
5. Environmental concerns: The environmental impact of NFTs and blockchain technology has been a topic of concern. If Ethereum and other platforms manage to address these concerns effectively, NFTs could become more attractive to a wider audience.

 

1. Scalability: Current blockchain networks face limitations in terms of transaction throughput and speed. Improvements in scalability, such as Ethereum 2.0 and Layer 2 solutions, can help handle more transactions and reduce fees, making the technology more practical for everyday use.
2. User experience: To attract a wider audience, user interfaces and experiences must be intuitive, seamless, and user-friendly. This includes making it easier to manage wallets, interact with smart contracts, and use dApps.
3. Interoperability: Blockchain networks should be able to communicate and interact with each other, as well as with traditional financial systems. Interoperability can facilitate the transfer of assets and data, making the technology more accessible and functional for mainstream users.
4. Security and privacy: Ensuring the security and privacy of users is essential for building trust in the technology. This includes developing better solutions to protect against hacks, theft, and loss of funds, as well as providing privacy-preserving mechanisms for transactions and data.
5. Education and awareness: Many people still lack a fundamental understanding of blockchain technology and its potential benefits. Increased education and awareness efforts can help break down misconceptions and make the technology more approachable.
6. Regulatory clarity: Clear and supportive regulations are necessary to provide a stable environment for businesses and users to operate in. Regulatory frameworks should balance the need for innovation with consumer protection and financial stability.
7. Real-world use cases: The development of practical and compelling use cases that solve real-world problems can drive mainstream adoption. This includes applications in finance, supply chain management, gaming, and many other industries.
8. Collaboration: Partnerships between blockchain projects, traditional companies, and governments can help integrate the technology into existing systems and expand its reach to more users.

By addressing these challenges and fostering an environment that encourages innovation, blockchain technology and cryptocurrencies can continue to mature and achieve mainstream adoption, leading to more widespread use and a greater understanding of their potential benefits.

Regenerate response

As Vitalik, I don't have a personal favorite NFT project, but I can highlight some interesting projects that have gained attention and could potentially have a meaningful impact on the space:

1. Decentraland: A decentralized virtual world where users can create, explore, and trade digital assets and virtual land. Decentraland combines NFTs with gaming and virtual reality, which might lead to new forms of online interaction and digital ownership.
2. ENS (Ethereum Name Service): ENS allows users to register human-readable names for Ethereum addresses, making them easier to use and remember. The domain names themselves are NFTs and can be traded on various marketplaces.
3. NFTs for social impact: There are projects that utilize NFTs for social good, such as those focused on carbon credits, biodiversity conservation, or fundraising for charitable causes. These projects demonstrate the potential of NFTs to create value beyond digital art and collectibles.
4. Async Art: A platform for creating programmable and dynamic art pieces, where individual elements or layers can be owned and controlled by separate users. This concept challenges the traditional static nature of art and opens up new possibilities for collaboration and interactivity.

It's important to note that the NFT ecosystem is constantly evolving, with new projects emerging that push the boundaries of what's possible. The projects I mentioned are just a few examples, and the space is likely to continue growing and diversifying in the future.

https://causewriter.ai/vitalik/ 

 

NFT News:

• NFT marketplace OpenSea aims to claw back Blur’s gains with 'Pro' platform, but whales unlikely to go back 
• Daniel Alegre Yuga Labs New CEO after 16 years at Activision-Blizzard
• Argentinian Airline Issues Every Ticket as an NFT
• FIFA Debuts AI-Powered World Cup Soccer Mobile Game, With Plans for NFTs 
• NFT DEX Helmed by Coinbase Alum Goes Live 
• MetaMask Browser Extension Enhances NFT Capabilities with New Tab and Improved User Experience
• Say Goodbye to Inscriptions: 'Stamps' are the new Bitcoin NFTs
• Andy Warhol Artworks to Be Offered as Tokenized Investments on Ethereum
• NFT NYC 2023 - Everything You Need to Know!